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Saturday, November 9, 2013

Dewan Housing gets $85-m IFC loan

Dewan Housing Finance Ltd (DHFL) said that it has received $85-million loan from International Finance Corporation.

IFC, a member of the World Bank Group, has given this loan to DHFL to expand finance for affordable and energy-efficient housing in India.

“Of the total loan, IFC will provide $70 million through external commercial borrowings and it has committed an additional $15 million to finance green mortgages under the IFC-Canada Climate Change Program,” DHFL said in a statement.

Source: thehindubusinessline


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